ES Morning Update December 22nd 2021


The ES pushed on up through the 4670 area of resistance and is making a run for 4700+ this morning. I really didn't think it would make it this high but the market loves to surprise you. I know I mentioned that we could make a new all time high to make a wedge pattern and that's still possible, so keep that is mind for sure.  Overall though today should be a whole lot of nothing as the light volume keeps the market floating up.

Next week is when the last move down should start, and it should take us to the 4400's or lower. Not much else to say right now, but don't be surprised if they pull some stunt over the long weekend to trap bulls long. I don't know if that's the plan or not but I've seen many holidays have surprise sudden drops. Have a very Merry Christmas.

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